Shares of Bowlero Corp. experienced a surge on Monday following the company's announcement of a dividend payout to its shareholders and the release of better-than-expected fiscal second-quarter revenue. Dividend Announcement Bowlero Corp. revealed that it will be distributing a cash dividend of 5.5 cents per share on March 8th to shareholders listed on record as of February … [Read more...] about Bowlero Corp. Surpasses Expectations, Announces Dividend for Shareholders
Gama Aviation to Return $20.8 Million to Shareholders
Gama Aviation, a London-listed business aviation services company, has announced plans to return £16.5 million ($20.8 million) to shareholders. This decision comes as part of a phased return, allowing Gama to meet its near-term capital requirements. Tender Offer Details Shareholders will have the opportunity to sell their shares at a price of 95 pence each through a tender … [Read more...] about Gama Aviation to Return $20.8 Million to Shareholders
Air Products & Chemicals Cuts Earnings Guidance
Air Products & Chemicals, a leading industrial gas seller, announced a downward revision of its fiscal-year earnings guidance. The company now expects fiscal 2024 earnings in the range of $12.20 to $12.50 per share, down from the previous guidance of $12.80 to $13.10 per share. This update comes as a disappointment to analysts, who had predicted earnings of $12.97 per … [Read more...] about Air Products & Chemicals Cuts Earnings Guidance
The Housing Market Prepares for Another Busy Season
The housing market is gearing up for its busiest season yet, with prices soaring and mortgage rates on the rise. According to Dow Jones Market Data, the 10-year Treasury yield, which is a key indicator for mortgage rates, reached 4.163% on Monday. This increase, along with Friday's surge, marks the largest two-day gain since June 2022. The rise in yield comes as a result of … [Read more...] about The Housing Market Prepares for Another Busy Season
Shares of Lear Corp. Fall Short of Expectations
Shares of Lear Corp. experienced a decline of 6.2% in premarket trading on Tuesday, as the auto-parts maker failed to meet analysts' expectations for net income, despite showing growth in key metrics. Disappointing Net Income Results Lear Corp. (LEA, -0.94%) reported net income of $127.3 million, equivalent to $2.18 per share, compared to $118 million, or $1.97 per share, … [Read more...] about Shares of Lear Corp. Fall Short of Expectations
